This is an interesting story at the intersection of regulatory oversight and technology enabled business models. Personally, I really like the P2P startups but I wonder about the potential for abuse in these networks and the backing company’s willingness to regulate the markets if the net effect is to reduce activity.
But this so-called peer-to-peer lending, which until recently seemed that it might offer a reliable source of money in this calamitous economic environment, is now experiencing a squeeze of its own.
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How to Invest Like a Bank: P2P Lending Returns
(Learn Mining News, 4/27/12)
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Lenders Put the Lies in Liar's Loans and Bear the Principal Moral Culpability
(Money Morning, 10/17/11)